Micon pleaded guilty to having run an unlicensed interactive gaming system from Nevada, which could have send him in prison for up to 10 years. Instead he will now avoid jail time as long as he completes his probation.

If he completes his probation, the sentence will be looked upon as being for one gross misdemeanor count of conspiracy. The length of his probation has not been disclosed anywhere as of yet.

Besides the probation, Micon also has to pay a $25,000 fine and give up some artifacts seized during the raid in his house in Las Vegas, which included $900 in cash and a little over three Bitcoins.

Hopefully this won’t stop anyone else from continuing to operate Bitcoin-based gaming sites, as we need those for the markets that are heavily regulated.